SDL was a very astute buy for patient shareholders. SDL have opened a lot of doors in west Africa. They will be more competitive that the pilbara within a couple years.
LEG looks like it is a SDL copycat, SDL is the trendsetter. I will continue to accumulate both so that I have the two biggest and best iron ore miners in Africa in my stable. I'm planning on both legend mining and sundance being two dollar stocks( conservative) in 5 years. While SDL has run a bit it is still a great buy. LEG is only .04 cents but doesn't have the same rail and port capex of sdl.
Sorry, to bring LEG into the thread, buy I think a wise investor would look at west Africa as the next pilbara. SDL will lead the charge with LEG close behind.
Enjoy!
SDL Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held